Managed Futures Premier Graham (MSCG) 10-Q 10 Nov 21 2021 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2021	Oct. 31, 2021
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Entity Registrant Name	CERES CLASSIC L.P.
Entity Central Index Key	0001066656
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Interactive Data Current	Yes
Entity Address, State or Province	NY
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-25603
Entity Tax Identification Number	13-4018068
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	Ceres Managed Futures LLC
Entity Address, Address Line Two	522 Fifth Avenue
Entity Address, City or Town	New York
Entity Address, Postal Zip Code	10036
City Area Code	855
Local Phone Number	672-4468
Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		6,252,262.397
Class Z [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		11,079.649

Statements of Financial Conditi

Statements of Financial Condition - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Assets:
Investment in the Trading Company(1), at fair value	$ 44,549,745
Redemptions receivable from the Trading Company	123,745
Equity in trading account:
Unrestricted cash	74,623,495	$ 44,958,423
Restricted cash	27,048,997	15,232,825
Net unrealized appreciation on open contracts	1,505,443	4,381,727
Total equity in trading account	103,177,935	64,572,975
Expense reimbursement receivable		9,406
Interest receivable	2,687	2,380
Total assets	147,854,112	64,584,761
Liabilities:
Net unrealized depreciation on open futures contracts	443,254
Accrued expenses:
Administrative and General Partner's fees	91,457	89,047
Management fees	157,465	68,694
Incentive fees	241,908
Professional fees	184,390
Redemptions payable to Limited Partners	892,075	2,977,462
Total liabilities	2,010,549	3,135,203
Partners' Capital:
Total partners' capital (net asset value)	145,843,563	61,449,558
Total liabilities and partners' capital	147,854,112	64,584,761
Class Z [Member]
Partners' Capital:
General Partner, Class Z, 184,481.234 and 101,536.878 Units outstanding at September 30, 2021 and December 31, 2020, respectively	1,776,915	904,065
Limited Partners	106,712
Total partners' capital (net asset value)	$ 1,883,627	$ 904,065
Net asset value per Unit:
Net asset value per unit	$ 9.63	$ 8.90
Class A [Member]
Partners' Capital:
Limited Partners	$ 143,959,936	$ 60,545,493
Total partners' capital (net asset value)	$ 143,959,936	$ 60,545,493
Net asset value per Unit:
Net asset value per unit	$ 22.67	$ 21.07
Forward Contracts [Member]
Equity in trading account:
Net unrealized appreciation on open contracts	$ 1,505,443	$ 608,548
Futures Contracts [Member]
Equity in trading account:
Net unrealized appreciation on open contracts		$ 3,773,179
Liabilities:
Net unrealized depreciation on open futures contracts	$ 443,254

Statements of Financial Condi_2

Statements of Financial Condition (Parenthetical) - shares	Sep. 30, 2021	Dec. 31, 2020
Class Z [Member]
General Partner, Units	184,481.234	101,536.878
Limited Partners, Units	11,079.649	0
Class A [Member]
Limited Partners, Units	6,350,776.848	2,873,697.998

Condensed Schedule of Investmen

Condensed Schedule of Investments	Sep. 30, 2021USD ($)Contracts	Dec. 31, 2020USD ($)Contracts
Schedule of Investments [Line Items]
Investment in the Trading Company	$ 44,549,745
CMF Winton Master LP [Member]
Schedule of Investments [Line Items]
% of Partners' Capital	30.55%
Investment in the Trading Company	$ 44,549,745
Forward Contracts [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts	7,596,808	$ 1,473,522
Total unrealized depreciation on open contracts	(6,091,365)	(864,974)
Net unrealized depreciation on open forward contracts	$ 1,505,443	$ 608,548
% of Partners' Capital	1.03%	0.99%
Forward Contracts [Member] | Total Unrealized Depreciation on Open Contracts [Member]
Schedule of Investments [Line Items]
% of Partners' Capital	(4.18%)	(1.41%)
Forward Contracts [Member] | Total Unrealized Appreciation on Open Contracts [Member]
Schedule of Investments [Line Items]
% of Partners' Capital	5.21%	2.40%
Forward Contracts [Member] | Currencies [Member]
Schedule of Investments [Line Items]
Notional Amount	$ 427,703,372	$ 79,799,689
Total unrealized appreciation on open contracts	6,268,245	546,367
Notional Amount	309,057,564	60,084,486
Total unrealized depreciation on open contracts	$ (4,558,051)	$ (763,174)
Forward Contracts [Member] | Currencies [Member] | Total Unrealized Depreciation on Open Contracts [Member]
Schedule of Investments [Line Items]
% of Partners' Capital	(3.13%)	(1.24%)
Forward Contracts [Member] | Currencies [Member] | Total Unrealized Appreciation on Open Contracts [Member]
Schedule of Investments [Line Items]
% of Partners' Capital	4.30%	0.89%
Forward Contracts [Member] | Metals [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts	$ 1,328,563	$ 927,155
Total unrealized depreciation on open contracts	$ (1,533,314)	$ (101,800)
Forward Contracts [Member] | Metals [Member] | Total Unrealized Depreciation on Open Contracts [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contracts	290	38
% of Partners' Capital	(1.05%)	(0.17%)
Forward Contracts [Member] | Metals [Member] | Total Unrealized Appreciation on Open Contracts [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contracts	247	74
% of Partners' Capital	0.91%	1.51%
Futures Contracts [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts	$ 5,021,717	$ 4,122,810
Total unrealized depreciation on open contracts	(5,464,971)	(349,631)
Net unrealized depreciation on open forward contracts	$ (443,254)	$ 3,773,179
% of Partners' Capital	(0.30%)	6.14%
Futures Contracts [Member] | Currencies [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts	$ 390,695	$ 23,052
Total unrealized depreciation on open contracts	(14,690)	(3,228)
Futures Contracts [Member] | Energy [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts	1,645,124	109,229
Total unrealized depreciation on open contracts	(22,310)	(112,645)
Futures Contracts [Member] | Grains [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts	174,420	1,365,721
Total unrealized depreciation on open contracts	(445,643)	(290)
Futures Contracts [Member] | Indices [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts	148,050	1,611,029
Total unrealized depreciation on open contracts	(1,838,113)	(43,188)
Futures Contracts [Member] | Interest Rate US [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts	168,500	64,049
Total unrealized depreciation on open contracts	(877,501)	(132,891)
Futures Contracts [Member] | Interest Rate Non US [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts	1,305,155	291,892
Total unrealized depreciation on open contracts	(2,130,602)	(52,802)
Futures Contracts [Member] | Livestock [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts	43,105
Total unrealized depreciation on open contracts	(23,290)
Futures Contracts [Member] | Metals [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts	289,030	581,429
Total unrealized depreciation on open contracts	(72,535)	(2,787)
Futures Contracts [Member] | Softs [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts	857,638	76,409
Total unrealized depreciation on open contracts	(40,287)	(1,800)
Futures Contracts [Member] | Contracts Purchased [Member]
Schedule of Investments [Line Items]
Net unrealized depreciation on open forward contracts	$ (2,497,543)	$ 3,746,493
% of Partners' Capital	(1.71%)	6.10%
Futures Contracts [Member] | Contracts Purchased [Member] | Currencies [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contracts	82	5
Net unrealized depreciation on open forward contracts	$ 104,912	$ 3,505
% of Partners' Capital	0.07%	0.01%
Futures Contracts [Member] | Contracts Purchased [Member] | Energy [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contracts	431	42
Net unrealized depreciation on open forward contracts	$ 1,636,134	$ 16,480
% of Partners' Capital	1.12%	0.03%
Futures Contracts [Member] | Contracts Purchased [Member] | Grains [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contracts	342	292
Net unrealized depreciation on open forward contracts	$ (347,828)	$ 1,365,431
% of Partners' Capital	(0.24%)	2.22%
Futures Contracts [Member] | Contracts Purchased [Member] | Indices [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contracts	602	570
Net unrealized depreciation on open forward contracts	$ (1,682,923)	$ 1,527,501
% of Partners' Capital	(1.15%)	2.49%
Futures Contracts [Member] | Contracts Purchased [Member] | Interest Rate US [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contracts	1,020	314
Net unrealized depreciation on open forward contracts	$ (874,845)	$ (27,131)
% of Partners' Capital	(0.60%)	(0.05%)
Futures Contracts [Member] | Contracts Purchased [Member] | Interest Rate Non US [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contracts	2,207	1,330
Net unrealized depreciation on open forward contracts	$ (2,118,688)	$ 207,805
% of Partners' Capital	(1.45%)	0.34%
Futures Contracts [Member] | Contracts Purchased [Member] | Livestock [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contracts	16
Net unrealized depreciation on open forward contracts	$ (23,130)
% of Partners' Capital	(0.02%)
Futures Contracts [Member] | Contracts Purchased [Member] | Metals [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contracts	8	85
Net unrealized depreciation on open forward contracts	$ (35,725)	$ 578,642
% of Partners' Capital	(0.02%)	0.94%
Futures Contracts [Member] | Contracts Purchased [Member] | Softs [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contracts	349	89
Net unrealized depreciation on open forward contracts	$ 844,550	$ 74,260
% of Partners' Capital	0.58%	0.12%
Futures Contracts [Member] | Contracts Sold [Member]
Schedule of Investments [Line Items]
Net unrealized depreciation on open forward contracts	$ 2,054,289	$ 26,686
% of Partners' Capital	1.41%	0.04%
Futures Contracts [Member] | Contracts Sold [Member] | Currencies [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contracts	203	29
Net unrealized depreciation on open forward contracts	$ 271,093	$ 16,319
% of Partners' Capital	0.19%	0.03%
Futures Contracts [Member] | Contracts Sold [Member] | Energy [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contracts	4	186
Net unrealized depreciation on open forward contracts	$ (13,320)	$ (19,896)
% of Partners' Capital	(0.01%)	(0.03%)
Futures Contracts [Member] | Contracts Sold [Member] | Grains [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contracts	135
Net unrealized depreciation on open forward contracts	$ 76,605
% of Partners' Capital	0.05%
Futures Contracts [Member] | Contracts Sold [Member] | Indices [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contracts	74	67
Net unrealized depreciation on open forward contracts	$ (7,140)	$ 40,340
% of Partners' Capital	0.00%	0.06%
Futures Contracts [Member] | Contracts Sold [Member] | Interest Rate US [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contracts	234	145
Net unrealized depreciation on open forward contracts	$ 165,844	$ (41,711)
% of Partners' Capital	0.11%	(0.07%)
Futures Contracts [Member] | Contracts Sold [Member] | Interest Rate Non US [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contracts	2,919	225
Net unrealized depreciation on open forward contracts	$ 1,293,241	$ 31,285
% of Partners' Capital	0.89%	0.05%
Futures Contracts [Member] | Contracts Sold [Member] | Livestock [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contracts	34
Net unrealized depreciation on open forward contracts	$ 42,945
% of Partners' Capital	0.03%
Futures Contracts [Member] | Contracts Sold [Member] | Metals [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contracts	90
Net unrealized depreciation on open forward contracts	$ 252,220
% of Partners' Capital	0.17%
Futures Contracts [Member] | Contracts Sold [Member] | Softs [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contracts	26	3
Net unrealized depreciation on open forward contracts	$ (27,199)	$ 349
% of Partners' Capital	(0.02%)	0.00%

Statements of Income and Expens

Statements of Income and Expenses - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Investment Income:
Interest income	$ 9,872	$ 11,149	$ 23,501	$ 196,655
Interest Income Allocated From The Trading Company	3,216		8,897
Total investment income	13,088	11,149	32,398	196,655
Expenses:
Expenses allocated from the Trading Company	35,325		129,985
Clearing fees	112,327	26,594	313,819	107,525
Administrative and General Partner's fees	277,559	291,789	838,452	1,021,394
Ongoing placement agent fees	274,034	164,601	827,478	885,770
Management fees	477,429	225,094	1,441,575	717,579
Incentive fees	241,908		1,177,264
Professional Fees	144,746		423,854
Total expenses	1,563,328	708,078	5,152,427	2,732,268
Expenses reimbursed by the General Partner		(26,594)		(107,525)
Net expenses	1,563,328	681,484	5,152,427	2,624,743
Net investment loss	(1,550,240)	(670,335)	(5,120,029)	(2,428,088)
Net gains (losses) on trading of commodity interests:
Net realized gains (losses) on closed contracts	(1,229,952)	5,816,378	12,527,168	(7,738,301)
Net realized gains (losses) on closed contracts allocated from the Trading Company	733,689		8,007,381
Net change in unrealized gains (losses) on open contracts	760,977	(2,309,812)	(3,308,899)	342,976
Net change in unrealized gains (losses) on open contracts allocated from the Trading Company	946,060		(1,223,607)
Total trading results	1,210,774	3,506,566	16,002,043	(7,395,325)
Net income (loss)	(339,466)	2,836,231	10,882,014	(9,823,413)
Class A [Member]
Net gains (losses) on trading of commodity interests:
Net income (loss)	$ (338,748)	$ 2,800,436	$ 10,757,828	$ (9,725,227)
Net income (loss) per Unit:
Net income (loss) per unit	$ (0.05)	$ 0.79	$ 1.60	$ (2.57)
Weighted average Units outstanding:
Weighted average units outstanding	6,450,269.034	3,295,476.344	6,684,477.900	3,513,795.125
Class Z [Member]
Net gains (losses) on trading of commodity interests:
Net income (loss)	$ (718)	$ 35,795	$ 124,186	$ (98,186)
Net income (loss) per Unit:
Net income (loss) per unit	$ (0.01)	$ 0.35	$ 0.73	$ (0.96)
Weighted average Units outstanding:
Weighted average units outstanding	195,560.883	101,536.878	209,734.509	101,536.878

Statements of Changes in Partne

Statements of Changes in Partners' Capital - USD ($)	Total	General Partner [Member]	Limited Partner [Member]	Class A [Member]	Class A [Member]Limited Partner [Member]	Class Z [Member]	Class Z [Member]General Partner [Member]	Class Z [Member]Limited Partner [Member]
Balance at Dec. 31, 2019	$ 84,106,832			$ 83,168,125		$ 938,707
Balance (in units) at Dec. 31, 2019	3,845,897.529			3,744,360.651		101,536.878
Subscriptions			$ 25,000		$ 25,000
Subscriptions (in units)			1,155.802		1,155.802
Redemptions			$ (10,941,293)		$ (10,941,293)
Redemptions (in units)			(561,241.018)		(561,241.018)
Net income (loss)	$ (9,823,413)			$ (9,725,227)		$ (98,186)
Balance at Sep. 30, 2020	$ 63,367,126			$ 62,526,605		$ 840,521
Balance (in units) at Sep. 30, 2020	3,285,812.313			3,184,275.435		101,536.878
Balance at Jun. 30, 2020	$ 64,454,142			$ 63,649,416		$ 804,726
Balance (in units) at Jun. 30, 2020	3,478,806.655			3,377,269.777		101,536.878
Redemptions			$ (3,923,247)		$ (3,923,247)
Redemptions (in units)			(192,994.342)		(192,994.342)
Net income (loss)	$ 2,836,231			$ 2,800,436		$ 35,795
Balance at Sep. 30, 2020	$ 63,367,126			$ 62,526,605		$ 840,521
Balance (in units) at Sep. 30, 2020	3,285,812.313			3,184,275.435		101,536.878
Balance at Dec. 31, 2020	$ 61,449,558			$ 60,545,493		$ 904,065
Balance (in units) at Dec. 31, 2020	2,975,234.876			2,873,697.998		101,536.878
Subscriptions		$ 1,841,454	$ 89,840,737		$ 89,741,721		$ 1,841,454	$ 99,016
Subscriptions (in units)		206,904.961	4,270,297.539		4,259,217.890		206,904.961	11,079.649
Redemptions		$ (1,085,094)	$ (17,085,106)		$ (17,085,106)		$ (1,085,094)
Redemptions (in units)		(123,960.605)	(782,139.040)		(782,139.040)		(123,960.605)
Net income (loss)	$ 10,882,014			$ 10,757,828		$ 124,186
Balance at Sep. 30, 2021	$ 145,843,563			$ 143,959,936		$ 1,883,627
Balance (in units) at Sep. 30, 2021	6,546,337.731			6,350,776.848		195,560.883
Balance at Jun. 30, 2021	$ 149,998,869			$ 148,114,524		$ 1,884,345
Balance (in units) at Jun. 30, 2021	6,714,863.260			6,519,302.377		195,560.883
Redemptions			$ (3,815,840)		$ (3,815,840)
Redemptions (in units)			(168,525.529)		(168,525.529)
Net income (loss)	$ (339,466)			$ (338,748)		$ (718)
Balance at Sep. 30, 2021	$ 145,843,563			$ 143,959,936		$ 1,883,627
Balance (in units) at Sep. 30, 2021	6,546,337.731			6,350,776.848		195,560.883

Organization

Organization	9 Months Ended
	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	1. Organization: Ceres Classic L.P. (the “Partnership”) is a Delaware limited partnership organized in 1998 to engage primarily in the speculative trading of futures contracts, options on futures and forward contracts, forward contracts on physical commodities and other commodity interests, including, but not limited to, foreign currencies, financial instruments, metals, energy and agricultural products (collectively, “Futures Interests”) (refer to Note 4, “Financial Instruments”). The General Partner (as defined below) may also determine to invest up to all of the Partnership’s assets in United States (“U.S.”) Treasury bills and/or money market mutual funds, including money market mutual funds managed by Morgan Stanley or its affiliates. Ceres Managed Futures LLC, a Delaware limited liability company, acts as the general partner (“Ceres” or the “General Partner”) and commodity pool operator of the Partnership. The General Partner is a wholly-owned subsidiary of Morgan Stanley Domestic Holdings, Inc. (“MSD Holdings”). MSD Holdings is ultimately owned by Morgan Stanley. Morgan Stanley is a publicly held company whose shares are listed on the New York Stock Exchange. Morgan Stanley is engaged in various financial services and other businesses. Morgan Stanley Smith Barney LLC is doing business as Morgan Stanley Wealth Management (“Morgan Stanley Wealth Management”). This entity currently acts as the placement agent for the Partnership. Morgan Stanley Wealth Management is a principal subsidiary of MSD Holdings. As of September 30, 2021, all trading decisions were made for the Partnership by Graham Capital Management, L.P. (“Graham”), Winton Capital Management Limited (“WCM”), EMC Capital Advisors, LLC (“EMC”) and Campbell & Company, LP (“Campbell”), as the commodity trading advisors to the Partnership (each, a “Trading Advisor” and collectively, the “Trading Advisors”). Each Trading Advisor is allocated a portion of the Partnership’s assets to manage. Prior to January 1, 2021, Graham was the sole trading advisor to the Partnership, and managed the assets of the Partnership pursuant to its K4D-15V As of January 1, 2021, the Partnership invested a portion of its assets in CMF Winton Master L.P., organized in New York as a limited partnership (“CMF Winton” or the “Trading Company”). The Partnership and any other feeder fund investing in the Trading Company constitute the limited partners of the Trading Company. The Trading Company is managed by Ceres Managed Futures LLC. CMF Winton has a single account with WCM. The Trading Company may and will, among other things, trade, buy, sell, spread, or otherwise acquire, hold, or dispose of Futures Interests. The General Partner is not aware of any material changes to the trading programs discussed above during the fiscal quarter ended September 30, 2021. During the reporting periods ended September 30, 2021 and 2020, the Partnership’s commodity broker was Morgan Stanley & Co. LLC (“MS&Co.”), a registered futures commission merchant. MS&Co. also acts as the counterparty on all trading of foreign currency forward contracts. MS&Co. is a wholly-owned subsidiary of Morgan Stanley. As of January 1, 2021, JPMorgan Chase Bank, N.A. (“JPM”) acts as prime broker in connection with foreign exchange forward and swap transactions for the Trading Company. Effective October 2, 2020, the Partnership changed its name from Managed Futures Premier Graham L.P. to Ceres Classic L.P. As of September 30, 2021, units of limited partnership interest (“Unit(s)”) of the Partnership are being offered in two share classes (each, a “Class” or collectively, the “Classes”). A Limited Partner will initially receive Class A Units in the Partnership, provided, that certain investors (other than ERISA/IRA investors) who subscribe for Units on a consulting basis, the General Partner, and certain employees of Morgan Stanley and/or its subsidiaries (and their family members) may be designated to hold Class Z Units. The Partnership previously offered Units in Class D; however, no Limited Partners hold Class D Units as of September 30, 2021, and Class D Units are no longer offered. Each of Class A and Z Units of the Partnership have the same investment exposure and rights except for the amount of the ongoing placement agent fee charged to each Class of Units; however, Class Z Units are not subject to an ongoing placement agent fee. The monthly management fee paid by the Partnership to Graham is equal to 1/12 th th The Partnership pays WCM a flat-rate monthly fee equal to 1/12 th The Partnership pays Campbell a flat rate monthly fee equal to 1/12 th 1.25 The Partnership pays EMC a flat rate monthly fee equal to 1/12 th The ongoing placement agent fee paid by the Partnership to Morgan Stanley Wealth Management for Class A unit holders is equal to an annual rate of 0.75% of the adjusted net assets of Class A units (computed monthly by multiplying the adjusted net assets of the Class A units by 0.75% and dividing the result thereof by 12). Prior to January 1, 2021, the ongoing placement agent fee paid by the Partnership to Morgan Stanley Wealth Management for Class A unit holders was equal to an annual rate of 1.00% of the adjusted net assets of Class A units (computed monthly by multiplying the adjusted net assets of the Class A units by 1.00% and dividing the result thereof by 12). Prior to July 1, 2020, the ongoing placement agent fee paid by the Partnership to Morgan Stanley Wealth Management for Class A unit holders was equal to an annual rate of 2.00% of the adjusted net assets of Class A units (computed monthly by multiplying the adjusted net assets of the Class A units by 2.00% and dividing the result thereof by 12). The administrative and general partner fee paid by the Partnership to Ceres for all limited partners is equal to an annual rate of 0.75% of the Partnership’s net assets (as defined in the Partnership’s Limited Partnership Agreement). Prior to January 1, 2021, the administrative and general partner fee paid by the Partnership to Ceres was equal to an annual rate of 1.75% of the Partnership’s net assets (as defined in the Partnership’s Limited Partnership Agreement). Prior to July 1, 2020, the administrative and general partner fee paid by the Partnership to Ceres was equal to an annual rate of 2.00% of the Partnership’s net assets (as defined in the Partnership’s Limited Partnership Agreement). The Partnership directly pays the brokerage fees and other transaction-related fees and expenses, as incurred and also pays its ongoing administrative, operating, offering and organizational expenses (including, but not limited to, periodic legal, accounting, administrative, filing, reporting and data processing fees) and its pro rata share of such expenses of any trading company to which the Partnership has allocated assets. Prior to January 1, 2021, the General Partner paid or reimbursed the Partnership for all fees and costs charged or incurred by the commodity brokers for trades executed on behalf of the Partnership, and for all ordinary administrative and offering expenses. The Trading Company has entered into a foreign exchange brokerage account agreement and a futures brokerage account agreement with MS&Co. The Partnership has also entered into a futures brokerage account agreement with MS&Co. Pursuant to these agreements, the Partnership, directly or indirectly through its investment in the Trading Company, pays MS&Co. (or will reimburse MS&Co., if previously paid) its allocable share of all trading fees for the clearing and, where applicable, execution of transactions as well as exchange, user, give-up, The Partnership has also entered into a selling agreement with Morgan Stanley Wealth Management (as amended, the “Selling Agreement”). Pursuant to the Selling Agreement, Morgan Stanley Wealth Management is paid a monthly ongoing selling agent fee at the rates described above. The ongoing selling agent fee received by Morgan Stanley Wealth Management is shared with the properly registered/exempted financial advisors of Morgan Stanley Wealth Management who sell Class A Units. The Trading Company entered into certain agreements with JPMorgan in connection with trading in forward foreign currency contracts on behalf of the Trading Company and, indirectly, the Partnership. These agreements include a foreign exchange and bullion authorization agreement (“FX Agreement”), an International Swap Dealers Association, Inc. master agreement (“Master Agreement”), a schedule to the Master Agreement, a 2016 credit support annex for variation margin to the schedule and an institutional account agreement. Under the FX Agreement, JPMorgan charges a fee on the aggregate foreign currency transactions entered into on behalf of the Trading Company during a month. The General Partner has delegated certain administrative functions to SS&C Technologies, Inc., a Delaware corporation, currently doing business as SS&C GlobeOp (the “Administrator”). Pursuant to a master services agreement, the Administrator furnishes certain administrative, accounting, regulatory reporting, tax and other services as agreed from time to time. In addition, the Administrator maintains certain books and records of the Partnership.

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	2. Basis of Presentation and Summary of Significant Accounting Policies: The accompanying financial statements and accompanying notes are unaudited but, in the opinion of the General Partner, include all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the Partnership’s financial condition at September 30, 2021 and the results of its operations and changes in partners’ capital for the three and nine months ended September 30, 2021 and 2020. These financial statements present the results of interim periods and do not include all of the disclosures normally provided in annual financial statements. These financial statements should be read together with the financial statements and notes included in the Partnership’s Annual Report on Form 10-K 10-K”) Due to the nature of commodity trading, the results of operations for the interim periods presented should not be considered indicative of the results that may be expected for the entire year. Use of Estimates Profit Allocation. Statement of Cash Flows. “Statement of Cash Flows.” Partnership’s Investment in the Trading Company. Partnership’s Investments. first-in, first-out Partnership’s Cash Income Taxes. “Income Taxes,” “more-likely-than-not” more-likely-than-not Investment Company Status. Financial Services—Investment Companies (Topic 946): Amendments to the Scope, Measurement and Disclosure Requirements Net Income (Loss) per Unit. “Financial Services – Investment Companies.” There have been no material changes with respect to the Partnership’s critical accounting policies as reported in the Partnership’s Annual Report on Form 10-K

Financial Highlights

Financial Highlights	9 Months Ended
	Sep. 30, 2021
Investment Company [Abstract]
Financial Highlights	3. Financial Highlights: Financial highlights for the limited partner class as a whole for the three and nine months ended September 30, 2021 and 2020 were as follows: Three Months Ended Nine Months Ended September 30, 2021 2020 2021 2020 Class A Class Z Class A Class A Class Z Class A Per Unit Performance (for a unit outstanding throughout the period):* Net realized and unrealized gains (losses) $ 0.19 $ 0.07 $ 0.99 $ 2.36 $ 1.00 $ (1.88) Net investment loss (0.24) (0.08) (0.20) (0.76) (0.27) (0.69) Increase (decrease) for the period (0.05) (0.01) 0.79 1.60 0.73 (2.57) Net asset value per Unit, beginning of period 22.72 9.64 18.85 21.07 8.90 22.21 Net asset value per Unit, end of period $ 22.67 $ 9.63 $ 19.64 $ 22.67 $ 9.63 $ 19.64 Three Months Ended Nine Months Ended 2021 2020 2021 2020 Class A Class Z Class A Class A Class Z Class A Ratios to Average Limited Partners’ Capital: ** Net investment loss *** (3.7) % (3.0) % (4.1) % (4.6) % (3.6) % (4.6) % Operating expenses 3.6 % 2.8 % 4.3 % 3.8 % 2.8 % 5.2 % Expenses reimbursed by the General Partner - % - % (0.2) % - % - % (0.2) % Incentive fees 0.2 % 0.2 % - 0.8 % 0.8 % - % Total expenses 3.8 % 3.0 % 4.1 % 4.6 % 3.6 % 5.0 % Total return: Total return before incentive fees 0.0 %**** 0.1 % 4.2 % 8.4 % 9.0 % (11.6) % Incentive fees (0.2) % (0.2) % - % (0.8 ) % (0.8 ) % - % Total return after incentive fees (0.2) % (0.1) % 4.2 % 7.6 % 8.2 % (11.6) % * Net investment loss per Unit is calculated by dividing the interest income less total expenses by the average number of Units outstanding during the period. The net realized and unrealized gains (losses) per Unit is a balancing amount necessary to reconcile the change in net asset value per Unit with the other per unit information. ** Annualized (except for incentive fees). *** Interest income less total expenses. **** Due to rounding . The above ratios and total return may vary for individual investors based on the timing of capital transactions during the period. Additionally, these ratios are calculated for the limited partner class using the limited partners’ share of income, expenses and average partners’ capital of the Partnership and include the income and expenses allocated from the Trading Company.

Financial Instruments

Financial Instruments	9 Months Ended
	Sep. 30, 2021
Investments, All Other Investments [Abstract]
Financial Instruments	4. Financial Instruments: The Partnership trades Futures Interests. Futures and forwards represent contracts for delayed delivery of an instrument at a specified date and price. The fair value of an exchange-traded contract is based on the settlement price quoted by the exchange on the day with respect to which fair value is being determined. If an exchange-traded contract could not have been liquidated on such day due to the operation of daily limits or other rules of the exchange, the settlement price will be equal to the settlement price on the first subsequent day on which the contract could be liquidated. The General Partner estimates that, at any given time, approximately 30.2% to 37.6% of the Partnership’s contracts are traded over-the-counter. In general, the risks associated with non-exchange-traded non-exchange-traded The Partnership also has credit risk because MS&Co. acts as the commodity futures broker, or the counterparty, with respect to most of the Partnership’s assets. Exchange-traded futures and exchange-traded forward contracts are fair valued on a daily basis, with variations in value settled on a daily basis. With respect to the Partnership’s non-exchange-traded non-exchange-traded non-exchange-traded The General Partner monitors and attempts to mitigate the Partnership’s risk exposure on a daily basis through financial, credit and risk management monitoring systems, and accordingly, believes that it has effective procedures for evaluating and limiting the credit and market risks to which the Partnership may be subject. These monitoring systems generally allow the General Partner to statistically analyze actual trading results with risk adjusted performance indicators and correlation statistics. In addition, online monitoring systems provide account analysis of U.S. Treasury bills, futures, forward and option contracts by sector, margin requirements, gain and loss transactions and collateral positions. The Futures Interests traded, and the U.S. Treasury bills held, by the Partnership involve varying degrees of related market risk. Market risk is often dependent upon changes in the level or volatility of interest rates, exchange rates, and prices of financial instruments and commodities, factors that result in frequent changes in the fair value of the Partnership’s open positions, and consequently, in its earnings, whether realized or unrealized, and cash flow. Gains and losses on open positions of exchange-traded futures and exchange-traded forward contracts are settled daily through variation margin. Gains and losses on non-exchange-traded In the ordinary course of business, the Partnership enters into contracts and agreements that contain various representations and warranties and which provide general indemnifications. The Partnership’s maximum exposure under these arrangements cannot be determined, as this could include future claims that have not yet been made against the Partnership. The General Partner considers the risk of any future obligation relating to these indemnifications to be remote. Since its discovery in December 2019, a new strain of coronavirus, which causes the viral disease known as COVID-19, The COVID-19 sheltering-in-place Given the continuing development of this situation, it is not possible to accurately predict how the market disruptions caused by COVID-19

Trading Activities

Trading Activities	9 Months Ended
	Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Trading Activities	5. Trading Activities: The Partnership’s objective is to profit from speculative trading in Futures Interests. Therefore, the Trading Advisor will take speculative positions in Futures Interests where it feels the best profit opportunities exist for its trading strategy. As such, the average number of contracts outstanding in absolute quantities (the total of the open long and open short positions) has been presented as a part of the volume disclosure, as position direction is not an indicative factor in such volume disclosures. All of the Futures Interests owned by the Partnership are held for trading purposes. The monthly average number of futures contracts traded during the three months ended September 30, 2021 and 2020 were 7,622 and 3,694, respectively. The monthly average number of futures contracts traded during the nine months ended September 30, 2021 and 2020 were 7,377 and 4,094, respectively. The monthly average number of metals forward contracts traded during the three months ended September 30, 2021 and 2020 were 826 and 297, respectively. The monthly average number of metals forward contracts traded during the nine months ended September 30, 2021 and 2020 were 676 and 459, respectively. The monthly average notional values of currency forward contracts traded during the three months ended September 30, 2021 and 2020 were $1,012,277,119 and $317,131,981, respectively. The monthly average notional values of currency forward contracts traded during the nine months ended September 30, 2021 and 2020 were $796,039,895 and $312,006,292, respectively. The following tables summarize the gross and net amounts recognized relating to the assets and liabilities of the Partnership’s derivative instruments and transactions eligible for offset subject to master netting agreements or similar arrangements as of September 30, 2021 and December 31, 2020, respectively . Gross Amounts Recognized Gross Amounts Offset in the Statements of Financial Condition Amounts Presented in the Statements of Financial Condition Gross Amounts Not Offset in the Statements of Financial Condition Net Amount September 30, 2021 Financial Instruments Cash Collateral Received/ Pledged* Assets Futures $ 5,021,717 $ (5,021,717 ) $ - $ - $ - $ - Forwards 7,596,808 (6,091,365 ) 1,505,443 - - 1,505,443 Total assets $ 12,618,525 $ (11,113,082 ) $ 1,505,443 $ - $ - $ 1,505,443 Liabilities Futures $ (5,464,971 ) $ 5,021,717 $ (443,254 ) $ - $ 443,254 $ - Forwards (6,091,365 ) 6,091,365 - - - - Total liabilities $ (11,556,336 ) $ 11,113,082 $ (443,254 ) $ - $ 443,254 $ - Net fair value $ 1,505,443 * Gross Amounts Recognized Gross Amounts Offset in the Statements of Financial Condition Amounts Presented in the Statements of Financial Condition Gross Amounts Not Offset in the Statements of Financial Condition Net Amount December 31 Financial Instruments Cash Collateral Received/ Pledged* Assets Futures $ 4,122,810 $ (349,631 ) $ 3,773,179 $ - $ - $ 3,773,179 Forwards 1,473,522 (864,974 ) 608,548 - - 608,548 Total assets $ 5,596,332 $ (1,214,605 ) $ 4,381,727 $ - $ - $ 4,381,727 Liabilities Futures $ (349,631 ) $ 349,631 $ - $ - $ - $ - Forwards (864,974 ) 864,974 - - - - Total liabilities $ (1,214,605 ) $ 1,214,605 $ - $ - $ - $ - Net fair value $ 4,381,727 * * In the event of default by the Partnership, MS&Co., the Partnership’s commodity futures broker and the sole counterparty to the Partnership’s non-exchange-traded The following tables indicate the gross fair values of derivative instruments of futures and forward contracts as separate assets and liabilities as of September 30, 2021 and December 31, 2020, respectively. September 30, 2021 Assets Futures Contracts Currencies $ 390,695 Energy 1,645,124 Grains 174,420 Indices 148,050 Interest Rates U.S. 168,500 Interest Rates Non-U.S. 1,305,155 Livestock 43,105 Metals 289,030 Softs 857,638 Total unrealized appreciation on open futures contracts 5,021,717 Liabilities Futures Contracts Currencies (14,690) Energy (22,310) Grains (445,643) Indices (1,838,113) Interest Rates U.S. (877,501) Interest Rates Non-U.S. (2,130,602) Livestock (23,290) Metals (72,535) Softs (40,287) Total unrealized depreciation on open futures contracts (5,464,971) Net unrealized depreciation on open futures contracts $ (443,254) * Assets Forward Contracts Currencies $ 6,268,245 Metals 1,328,563 Total unrealized appreciation on open forward contracts 7,596,808 Liabilities Forward Contracts Currencies (4,558,051) Metals (1,533,314) Total unrealized depreciation on open forward contracts (6,091,365) Net unrealized appreciation on open forward contracts $ 1,505,443 ** * This amount is in “Net unrealized depreciation on open futures contracts” in the Statements of Financial Condition. ** This amount is in “Net unrealized appreciation on open forward contracts” in the Statements of Financial Condition. December 31, 2020 Assets Futures Contracts Currencies $ 23,052 Energy 109,229 Grains 1,365,721 Indices 1,611,029 Interest Rates U.S. 64,049 Interest Rates Non-U.S. 291,892 Metals 581,429 Softs 76,409 Total unrealized appreciation on open futures contracts 4,122,810 Liabilities Futures Contracts Currencies (3,228) Energy (112,645) Grains (290) Indices (43,188) Interest Rates U.S. (132,891) Interest Rates Non-U.S. (52,802) Metals (2,787) Softs (1,800) Total unrealized depreciation on open futures contracts (349,631) Net unrealized appreciation on open futures contracts $ 3,773,179 * Assets Forward Contracts Currencies $ 546,367 Metals 927,155 Total unrealized appreciation on open forward contracts 1,473,522 Liabilities Forward Contracts Currencies (763,174) Metals (101,800) Total unrealized depreciation on open forward contracts (864,974) Net unrealized appreciation on open forward contracts $ 608,548 ** * This amount is in “Net unrealized appreciation on open futures contracts” in the Statements of Financial Condition. ** This amount is in “Net unrealized appreciation on open forward contracts” in the Statements of Financial Condition. The following table indicates the trading gains and losses, by market sector, on derivative instruments for the three and nine months ended September 30, 2021 and 2020, respectively . Three Months Ended September 30, Nine Months Ended September 30, Sector 2021 2020 2021 2020 Currencies $ 1,103,900 $ (243,656) $ 949,830 $ (4,501,706) Energy 3,237,629 532,983 9,307,857 790,191 Grains (1,028,867) (933,343) 2,675,945 8,710 Indices (1,881,744) 2,361,397 4,484,499 (21,431,622) Interest Rates U.S. (1,311,229) (68,761) (4,956,501) 10,912,753 Interest Rates Non-U.S. (1,623,955) 47,622 (5,462,480) 3,021,356 Livestock (196,021) - (310,754) - Metals 142,203 2,211,286 993,670 4,855,362 Softs 1,089,109 (400,962) 1,536,203 (1,050,369) Total $ (468,975) *** $ 3,506,566 *** $ 9,218,269 *** $ (7,395,325) *** *** This amount is in “Total trading results” in the Statements of Income and Expenses.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	6. Fair Value Measurements: Partnership’s and the Trading Company’s Fair Value Measurements. The fair value of exchange-traded futures, forward and option contracts is determined by the various exchanges, and reflects the settlement price for each contract as of the close of business on the last business day of the reporting period. The fair value of foreign currency forward contracts is extrapolated on a forward basis from the spot prices quoted as of approximately 3:00 P.M. (E.T.) on the last business day of the reporting period from various exchanges. The fair value of non-exchange-traded The Partnership and the Trading Company consider prices for commodity futures, swap and option contracts to be based on unadjusted quoted prices in active markets for identical assets and liabilities (Level 1). The values of U.S. Treasury bills, non-exchange-traded September 30, 2021 Total Level 1 Level 2 Level 3 Assets Futures $ 5,021,717 $ 5,021,717 $ - $ - Forwards 7,596,808 - 7,596,808 - Total assets $ 12,618,525 $ 5,021,717 $ 7,596,808 $ - Liabilities Futures $ 5,464,971 $ 5,464,971 $ - $ - Forwards 6,091,365 - 6,091,365 - Total liabilities $ 11,556,336 $ 5,464,971 $ 6,091,365 $ - December 31, 2020 Total Level 1 Level 2 Level 3 Assets Futures $ 4,122,810 $ 4,122,810 $ - $ - Forwards 1,473,522 - 1,473,522 - Total assets $ 5,596,332 $ 4,122,810 $ 1,473,522 $ - Liabilities Futures $ 349,631 $ 349,631 $ - $ - Forwards 864,974 - 864,974 - Total liabilities $ 1,214,605 $ 349,631 $ 864,974 $ -

Investment In The Trading Compa

Investment In The Trading Company	9 Months Ended
	Sep. 30, 2021
Investment Company [Abstract]
Investment In The Trading Company	7. Investment in the Trading Company: On January 1, 2021, the assets allocated to WCM for trading were invested in CMF Winton, a limited partnership organized under the partnership laws of the State of New York. CMF Winton permits accounts managed by WCM using the Winton Futures Program, a proprietary, systematic trading system, to invest together in one trading vehicle. The General Partner is also the general partner of CMF Winton. Individual and pooled accounts currently managed by WCM, including the Partnership, are permitted to be limited partners of CMF Winton. The General Partner and WCM believe that trading through this structure promotes efficiency and economy in the trading process. The General Partner and WCM have agreed that WCM will trade the Partnership’s assets allocated to WCM at a level that is up to 1.5 times the amount of assets allocated, provided that the General Partner may instruct WCM to change such level in accordance with the investment management agreement from time to time. The General Partner is not aware of any material changes to the trading program discussed above during the fiscal quarter ended September 30, 2021. The Partnership’s/Trading Company’s trading of futures, forward, swap, and option contracts, if applicable, on commodities is done primarily on U.S. and foreign commodity exchanges. The Partnership/Trading Company engage in such trading through commodity brokerage accounts maintained with MS&Co. Generally, a limited partner in the Trading Company may withdraw all or part of its capital contribution and undistributed profits, if any, from the Trading Company as of the end of any month (the “Redemption Date”) after a request has been made to the Trading Manager at least three days in advance of the Redemption Date. Such withdrawals are classified as a liability when the limited partner elects to redeem and informs the Trading Company. However, a limited partner may request a withdrawal as of the end of any day if such request is received by the Trading Manager at least three days in advance of the proposed withdrawal date. Management fees, General Partner fees, ongoing selling fees and incentive fees are charged at the Partnership level. All clearing fees paid to MS&Co. are borne directly by the Partnership for its direct trading. In addition, clearing fees are borne by the Trading Company and allocated to the Trading Company’s limited partners, including the Partnership. Professional fees are borne by the Trading Company and allocated to the Partnership, and also charged directly at the Partnership level. At September 30, 2021, the Partnership owned 100% of CMF Winton. It is the Partnership’s intention to continue to invest in the Trading Company. The performance of the Partnership is directly affected by the performance of the Trading Company. Expenses to investors as a result of investment in the Trading Company are approximately the same as they would be if the Partnership traded directly and redemption rights are not affected. Summarized information reflecting the total assets, liabilities and partners’ capital of the Trading Company is shown in the following table: September 30, 2021 Total Assets To t Total Capital CMF Winton $ 44,706,849 $ 158,135 $ 44,548,714 Summarized information reflecting the net investment income (loss), total trading results and net income (loss) of the Trading Company is shown in the following tables: For the three months ended September 30, 2021 Net Investment Income (Loss) Total Trading Results Net Income (Loss) CMF Winton $ (32,109) $ 1,679,749 $ 1,647,640 For the nine months ended September 30, 2021 Net Investment Income (Loss) Total Trading Results Net Income (Loss) CMF Winton $ (121,088) $ 6,783,774 $ 6,662,686 Summarized information reflecting the Partnership’s investment in and the Partnership’s pro-rata September 30, 2021 For the three months ended September 30, 2021 % of Expenses Net Partners’ Fair Income Clearing Professional Income Investment Redemptions Funds Capital Value (Loss) Fees Fees (Loss) Objective Permitted CMF Winton (a) 30.55% $ 44,549,745 $ 1,682,965 $ 28,132 $ 7,193 $ 1,647,640 Commodity Portfolio Monthly September 30, 2021 For the nine months ended September 30, 2021 % of Expenses Net Partners’ Fair Income Clearing Professional Income Investment Redemptions Funds Capital Value (Loss) Fees Fees (Loss) Objective Permitted CMF Winton (a) 30.55% $ 44,549,745 $ 6,792,671 $ 102,395 $ 27,590 $ 6,662,686 Commodity Portfolio Monthly (a) On January 1, 2021, the Partnership invested into CMF Winton.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	8. Subsequent Events: The General Partner evaluates events that occur after the balance sheet date but before and up until financial statements are available to be issued. The General Partner has assessed the subsequent events through the date the financial statements were issued and has determined that there were no subsequent events requiring adjustment to or disclosure in the financial statements.

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates
Profit Allocation	Profit Allocation.
Statement of Cash Flows	Statement of Cash Flows. “Statement of Cash Flows.”
Partnership's Investment in the Trading Company	Partnership’s Investment in the Trading Company.
Partnership's Investments	Partnership’s Investments. first-in, first-out
Partnership's Cash	Partnership’s Cash
Income Taxes	Income Taxes. “Income Taxes,” “more-likely-than-not” more-likely-than-not
Investment Company Status	Investment Company Status. Financial Services—Investment Companies (Topic 946): Amendments to the Scope, Measurement and Disclosure Requirements
Net Income (Loss) per Unit	Net Income (Loss) per Unit. “Financial Services – Investment Companies.” There have been no material changes with respect to the Partnership’s critical accounting policies as reported in the Partnership’s Annual Report on Form 10-K

Financial Highlights (Tables)

Financial Highlights (Tables)	9 Months Ended
	Sep. 30, 2021
Investment Company [Abstract]
Financial Highlights for Limited Partner Class	Financial highlights for the limited partner class as a whole for the three and nine months ended September 30, 2021 and 2020 were as follows: Three Months Ended Nine Months Ended September 30, 2021 2020 2021 2020 Class A Class Z Class A Class A Class Z Class A Per Unit Performance (for a unit outstanding throughout the period):* Net realized and unrealized gains (losses) $ 0.19 $ 0.07 $ 0.99 $ 2.36 $ 1.00 $ (1.88) Net investment loss (0.24) (0.08) (0.20) (0.76) (0.27) (0.69) Increase (decrease) for the period (0.05) (0.01) 0.79 1.60 0.73 (2.57) Net asset value per Unit, beginning of period 22.72 9.64 18.85 21.07 8.90 22.21 Net asset value per Unit, end of period $ 22.67 $ 9.63 $ 19.64 $ 22.67 $ 9.63 $ 19.64 Three Months Ended Nine Months Ended 2021 2020 2021 2020 Class A Class Z Class A Class A Class Z Class A Ratios to Average Limited Partners’ Capital: ** Net investment loss *** (3.7) % (3.0) % (4.1) % (4.6) % (3.6) % (4.6) % Operating expenses 3.6 % 2.8 % 4.3 % 3.8 % 2.8 % 5.2 % Expenses reimbursed by the General Partner - % - % (0.2) % - % - % (0.2) % Incentive fees 0.2 % 0.2 % - 0.8 % 0.8 % - % Total expenses 3.8 % 3.0 % 4.1 % 4.6 % 3.6 % 5.0 % Total return: Total return before incentive fees 0.0 %**** 0.1 % 4.2 % 8.4 % 9.0 % (11.6) % Incentive fees (0.2) % (0.2) % - % (0.8 ) % (0.8 ) % - % Total return after incentive fees (0.2) % (0.1) % 4.2 % 7.6 % 8.2 % (11.6) % * Net investment loss per Unit is calculated by dividing the interest income less total expenses by the average number of Units outstanding during the period. The net realized and unrealized gains (losses) per Unit is a balancing amount necessary to reconcile the change in net asset value per Unit with the other per unit information. ** Annualized (except for incentive fees). *** Interest income less total expenses. **** Due to rounding .

Trading Activities (Tables)

Trading Activities (Tables)	9 Months Ended
	Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Gross and Net Amounts Recognized Relating to Assets and Liabilities of Partnership's Derivative Instruments and Transactions Eligible for Offset Subject to Master Netting Agreements or Similar Agreements	The following tables summarize the gross and net amounts recognized relating to the assets and liabilities of the Partnership’s derivative instruments and transactions eligible for offset subject to master netting agreements or similar arrangements as of September 30, 2021 and December 31, 2020, respectively . Gross Amounts Recognized Gross Amounts Offset in the Statements of Financial Condition Amounts Presented in the Statements of Financial Condition Gross Amounts Not Offset in the Statements of Financial Condition Net Amount September 30, 2021 Financial Instruments Cash Collateral Received/ Pledged* Assets Futures $ 5,021,717 $ (5,021,717 ) $ - $ - $ - $ - Forwards 7,596,808 (6,091,365 ) 1,505,443 - - 1,505,443 Total assets $ 12,618,525 $ (11,113,082 ) $ 1,505,443 $ - $ - $ 1,505,443 Liabilities Futures $ (5,464,971 ) $ 5,021,717 $ (443,254 ) $ - $ 443,254 $ - Forwards (6,091,365 ) 6,091,365 - - - - Total liabilities $ (11,556,336 ) $ 11,113,082 $ (443,254 ) $ - $ 443,254 $ - Net fair value $ 1,505,443 * Gross Amounts Recognized Gross Amounts Offset in the Statements of Financial Condition Amounts Presented in the Statements of Financial Condition Gross Amounts Not Offset in the Statements of Financial Condition Net Amount December 31 Financial Instruments Cash Collateral Received/ Pledged* Assets Futures $ 4,122,810 $ (349,631 ) $ 3,773,179 $ - $ - $ 3,773,179 Forwards 1,473,522 (864,974 ) 608,548 - - 608,548 Total assets $ 5,596,332 $ (1,214,605 ) $ 4,381,727 $ - $ - $ 4,381,727 Liabilities Futures $ (349,631 ) $ 349,631 $ - $ - $ - $ - Forwards (864,974 ) 864,974 - - - - Total liabilities $ (1,214,605 ) $ 1,214,605 $ - $ - $ - $ - Net fair value $ 4,381,727 * * In the event of default by the Partnership, MS&Co., the Partnership’s commodity futures broker and the sole counterparty to the Partnership’s non-exchange-traded
Summary of Gross Fair Values of Derivative Instruments of Futures and Forward Contracts as Separate Assets and Liabilities	The following tables indicate the gross fair values of derivative instruments of futures and forward contracts as separate assets and liabilities as of September 30, 2021 and December 31, 2020, respectively. September 30, 2021 Assets Futures Contracts Currencies $ 390,695 Energy 1,645,124 Grains 174,420 Indices 148,050 Interest Rates U.S. 168,500 Interest Rates Non-U.S. 1,305,155 Livestock 43,105 Metals 289,030 Softs 857,638 Total unrealized appreciation on open futures contracts 5,021,717 Liabilities Futures Contracts Currencies (14,690) Energy (22,310) Grains (445,643) Indices (1,838,113) Interest Rates U.S. (877,501) Interest Rates Non-U.S. (2,130,602) Livestock (23,290) Metals (72,535) Softs (40,287) Total unrealized depreciation on open futures contracts (5,464,971) Net unrealized depreciation on open futures contracts $ (443,254) * Assets Forward Contracts Currencies $ 6,268,245 Metals 1,328,563 Total unrealized appreciation on open forward contracts 7,596,808 Liabilities Forward Contracts Currencies (4,558,051) Metals (1,533,314) Total unrealized depreciation on open forward contracts (6,091,365) Net unrealized appreciation on open forward contracts $ 1,505,443 ** * This amount is in “Net unrealized depreciation on open futures contracts” in the Statements of Financial Condition. ** This amount is in “Net unrealized appreciation on open forward contracts” in the Statements of Financial Condition. December 31, 2020 Assets Futures Contracts Currencies $ 23,052 Energy 109,229 Grains 1,365,721 Indices 1,611,029 Interest Rates U.S. 64,049 Interest Rates Non-U.S. 291,892 Metals 581,429 Softs 76,409 Total unrealized appreciation on open futures contracts 4,122,810 Liabilities Futures Contracts Currencies (3,228) Energy (112,645) Grains (290) Indices (43,188) Interest Rates U.S. (132,891) Interest Rates Non-U.S. (52,802) Metals (2,787) Softs (1,800) Total unrealized depreciation on open futures contracts (349,631) Net unrealized appreciation on open futures contracts $ 3,773,179 * Assets Forward Contracts Currencies $ 546,367 Metals 927,155 Total unrealized appreciation on open forward contracts 1,473,522 Liabilities Forward Contracts Currencies (763,174) Metals (101,800) Total unrealized depreciation on open forward contracts (864,974) Net unrealized appreciation on open forward contracts $ 608,548 ** * This amount is in “Net unrealized appreciation on open futures contracts” in the Statements of Financial Condition. ** This amount is in “Net unrealized appreciation on open forward contracts” in the Statements of Financial Condition.
Trading Gains and Losses, by Market Sector, on Derivative Instruments	The following table indicates the trading gains and losses, by market sector, on derivative instruments for the three and nine months ended September 30, 2021 and 2020, respectively . Three Months Ended September 30, Nine Months Ended September 30, Sector 2021 2020 2021 2020 Currencies $ 1,103,900 $ (243,656) $ 949,830 $ (4,501,706) Energy 3,237,629 532,983 9,307,857 790,191 Grains (1,028,867) (933,343) 2,675,945 8,710 Indices (1,881,744) 2,361,397 4,484,499 (21,431,622) Interest Rates U.S. (1,311,229) (68,761) (4,956,501) 10,912,753 Interest Rates Non-U.S. (1,623,955) 47,622 (5,462,480) 3,021,356 Livestock (196,021) - (310,754) - Metals 142,203 2,211,286 993,670 4,855,362 Softs 1,089,109 (400,962) 1,536,203 (1,050,369) Total $ (468,975) *** $ 3,506,566 *** $ 9,218,269 *** $ (7,395,325) *** *** This amount is in “Total trading results” in the Statements of Income and Expenses.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2021
Fair Value Disclosures [Abstract]
Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis	As of September 30, 2021 and December 31, 2020 and for the periods ended September 30, 2021 and 2020, the Partnership and the Trading Company did not hold any derivative instruments that were priced at fair value using unobservable inputs through the application of the General Partner’s assumptions and internal valuation pricing models (Level 3). September 30, 2021 Total Level 1 Level 2 Level 3 Assets Futures $ 5,021,717 $ 5,021,717 $ - $ - Forwards 7,596,808 - 7,596,808 - Total assets $ 12,618,525 $ 5,021,717 $ 7,596,808 $ - Liabilities Futures $ 5,464,971 $ 5,464,971 $ - $ - Forwards 6,091,365 - 6,091,365 - Total liabilities $ 11,556,336 $ 5,464,971 $ 6,091,365 $ - December 31, 2020 Total Level 1 Level 2 Level 3 Assets Futures $ 4,122,810 $ 4,122,810 $ - $ - Forwards 1,473,522 - 1,473,522 - Total assets $ 5,596,332 $ 4,122,810 $ 1,473,522 $ - Liabilities Futures $ 349,631 $ 349,631 $ - $ - Forwards 864,974 - 864,974 - Total liabilities $ 1,214,605 $ 349,631 $ 864,974 $ -

Investment In The Trading Com_2

Investment In The Trading Company (Table)	9 Months Ended
	Sep. 30, 2021
Investment Company [Abstract]
Summary of Total assets, liabilities and partners' capital of the Trading Company	Summarized information reflecting the total assets, liabilities and partners’ capital of the Trading Company is shown in the following table: September 30, 2021 Total Assets To t Total Capital CMF Winton $ 44,706,849 $ 158,135 $ 44,548,714
Summary of Net investment income (loss), total trading results and net income (loss) of the Trading Company	Summarized information reflecting the net investment income (loss), total trading results and net income (loss) of the Trading Company is shown in the following tables: For the three months ended September 30, 2021 Net Investment Income (Loss) Total Trading Results Net Income (Loss) CMF Winton $ (32,109) $ 1,679,749 $ 1,647,640 For the nine months ended September 30, 2021 Net Investment Income (Loss) Total Trading Results Net Income (Loss) CMF Winton $ (121,088) $ 6,783,774 $ 6,662,686
Summary of Partnership's investment in and the Partnership's pro-rata share of the results of operations of the Trading Company	Summarized information reflecting the Partnership’s investment in and the Partnership’s pro-rata September 30, 2021 For the three months ended September 30, 2021 % of Expenses Net Partners’ Fair Income Clearing Professional Income Investment Redemptions Funds Capital Value (Loss) Fees Fees (Loss) Objective Permitted CMF Winton (a) 30.55% $ 44,549,745 $ 1,682,965 $ 28,132 $ 7,193 $ 1,647,640 Commodity Portfolio Monthly September 30, 2021 For the nine months ended September 30, 2021 % of Expenses Net Partners’ Fair Income Clearing Professional Income Investment Redemptions Funds Capital Value (Loss) Fees Fees (Loss) Objective Permitted CMF Winton (a) 30.55% $ 44,549,745 $ 6,792,671 $ 102,395 $ 27,590 $ 6,662,686 Commodity Portfolio Monthly (a) On January 1, 2021, the Partnership invested into CMF Winton.

Organization - Additional Infor

Organization - Additional Information (Detail) - Class	Jan. 01, 2021	Feb. 01, 2019	Sep. 30, 2021
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Number of share classes			2
Percentage of General Partner fee	1.75%
Management fee, annual basis	1.35%
Management fee, monthly basis	1.35%
Wealth Capital Management LP [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Incentive fee, monthly trading profits basis			20.00%
Management fee, annual basis	1.50%
Management fee, monthly basis	1.50%
Morgan Stanley Wealth Management [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Annual placement agent fees			0.75%
Monthly Placement Agent Fees			0.75%
EMC Capital Advisors LLC [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Incentive fee, monthly trading profits basis			20.00%
Management fee, annual basis	0.875%
Management fee, monthly basis	0.875%
Graham LP [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Incentive fee, monthly trading profits basis		18.00%
Management fee, annual basis	1.25%
Management fee, monthly basis	1.25%
Campbell And Company LP [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Incentive fee, monthly trading profits basis	20.00%
Management fee, annual basis	1.25%
Management fee, monthly basis	1.25%

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Accounting Policies [Line Items]
Cash held for margin requirements	$ 27,048,997	$ 15,232,825
Cash denominated in foreign currencies	174,283	(415,847)
Cash denominated in foreign currencies, proceeds	164,182	$ 415,309
Uncertain tax position	$ 0

Financial Highlights - Financia

Financial Highlights - Financial Highlights for Limited Partner Class (Detail) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Class A [Member]
Per Unit Performance (for a unit outstanding throughout the period):
Net asset value per Unit, beginning of period			$ 21.07
Net asset value per Unit, end of period	$ 22.67		22.67
Class Z [Member]
Per Unit Performance (for a unit outstanding throughout the period):
Net asset value per Unit, beginning of period			8.90
Net asset value per Unit, end of period	9.63		9.63
Limited Partner [Member] | Class A [Member]
Per Unit Performance (for a unit outstanding throughout the period):
Net realized and unrealized gains (losses)	0.19	$ 0.99	2.36	$ (1.88)
Net investment loss	(0.24)	(0.20)	(0.76)	(0.69)
Increase (decrease) for the period	(0.05)	0.79	1.60	(2.57)
Net asset value per Unit, beginning of period	22.72	18.85	21.07	22.21
Net asset value per Unit, end of period	$ 22.67	$ 19.64	$ 22.67	$ 19.64
Ratios to Average Limited Partners' Capital:
Net investment loss	(3.70%)	(4.10%)	(4.60%)	(4.60%)
Operating expenses	3.60%	4.30%	3.80%	5.20%
Expenses reimbursed by the General Partner	0.00%	(0.20%)	0.00%	(0.20%)
Incentive fees	0.20%		0.80%
Total expenses	3.80%	4.10%	4.60%	5.00%
Total return:
Total return before incentive fees	0.00%	4.20%	8.40%	(11.60%)
Incentive fees	(0.20%)		(0.80%)
Total return after incentive fees	(0.20%)	4.20%	7.60%	(11.60%)
Limited Partner [Member] | Class Z [Member]
Per Unit Performance (for a unit outstanding throughout the period):
Net realized and unrealized gains (losses)	$ 0.07		$ 1
Net investment loss	(0.08)		(0.27)
Increase (decrease) for the period	(0.01)		0.73
Net asset value per Unit, beginning of period	9.64		8.90
Net asset value per Unit, end of period	$ 9.63		$ 9.63
Ratios to Average Limited Partners' Capital:
Net investment loss	(3.00%)		(3.60%)
Operating expenses	2.80%		2.80%
Expenses reimbursed by the General Partner	0.00%		0.00%
Incentive fees	0.20%		0.80%
Total expenses	3.00%		3.60%
Total return:
Total return before incentive fees	0.10%		9.00%
Incentive fees	(0.20%)		(0.80%)
Total return after incentive fees	(0.10%)		8.20%

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - Credit Concentration Risk [Member] - Contracts [Member] - Over the Counter [Member]	9 Months Ended
	Sep. 30, 2021
Minimum [Member]
Concentration Risk [Line Items]
Percentage of investment contracts	30.20%
Maximum [Member]
Concentration Risk [Line Items]
Percentage of investment contracts	37.60%

Trading Activities - Additional

Trading Activities - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Average number of futures contracts traded	7,622	3,694	7,377	4,094
Average number of metals forward contracts traded	826	297	676	459
Average notional value of currency forward contracts	$ 1,012,277,119	$ 317,131,981	$ 796,039,895	$ 312,006,292

Trading Activities - Summary of

Trading Activities - Summary of Gross and Net Amounts Recognized Relating to Assets and Liabilities of Partnership's Derivative Instruments and Transactions Eligible for Offset Subject to Master Netting Agreements or Similar Agreements (Detail) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Derivative [Line Items]
Gross Amounts Recognized	$ 12,618,525	$ 5,596,332
Gross Amounts Offset in the Statements of Financial Condition	(11,113,082)	(1,214,605)
Net Amounts Presented in the Statements of Financial Condition	1,505,443	4,381,727
Net Amount, Assets	1,505,443	4,381,727
Gross Amounts Recognized	(11,556,336)	(1,214,605)
Gross Amounts Offset in the Statements of Financial Condition	11,113,082	1,214,605
Net Amounts Presented in the Statements of Financial Condition	(443,254)
Gross Amounts Not Offset in the Statements of Financial Condition, Liabilities, Cash Collateral (Received)/Pledged	443,254
Net fair value	1,505,443	4,381,727
Futures Contracts [Member]
Derivative [Line Items]
Gross Amounts Recognized	5,021,717	4,122,810
Gross Amounts Offset in the Statements of Financial Condition	(5,021,717)	(349,631)
Net Amounts Presented in the Statements of Financial Condition		3,773,179
Net Amount, Assets		3,773,179
Gross Amounts Recognized	(5,464,971)	(349,631)
Gross Amounts Offset in the Statements of Financial Condition	5,021,717	349,631
Net Amounts Presented in the Statements of Financial Condition	(443,254)
Gross Amounts Not Offset in the Statements of Financial Condition, Liabilities, Cash Collateral (Received)/Pledged	443,254
Forward Contracts [Member]
Derivative [Line Items]
Gross Amounts Recognized	7,596,808	1,473,522
Gross Amounts Offset in the Statements of Financial Condition	(6,091,365)	(864,974)
Net Amounts Presented in the Statements of Financial Condition	1,505,443	608,548
Net Amount, Assets	1,505,443	608,548
Gross Amounts Recognized	(6,091,365)	(864,974)
Gross Amounts Offset in the Statements of Financial Condition	$ 6,091,365	$ 864,974

Trading Activities - Summary _2

Trading Activities - Summary of Gross Fair Values of Derivative Instruments of Futures and Forward Contracts as Separate Assets and Liabilities (Detail) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Futures Contracts [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	$ 5,021,717	$ 4,122,810
Total unrealized depreciation on open contracts	(5,464,971)	(349,631)
Net unrealized appreciation (depreciation) on open contracts	(443,254)	3,773,179
Futures Contracts [Member] | Currencies [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	390,695	23,052
Total unrealized depreciation on open contracts	(14,690)	(3,228)
Futures Contracts [Member] | Energy [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	1,645,124	109,229
Total unrealized depreciation on open contracts	(22,310)	(112,645)
Futures Contracts [Member] | Grains [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	174,420	1,365,721
Total unrealized depreciation on open contracts	(445,643)	(290)
Futures Contracts [Member] | Indices [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	148,050	1,611,029
Total unrealized depreciation on open contracts	(1,838,113)	(43,188)
Futures Contracts [Member] | Interest Rate US [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	168,500	64,049
Total unrealized depreciation on open contracts	(877,501)	(132,891)
Futures Contracts [Member] | Interest Rate Non US [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	1,305,155	291,892
Total unrealized depreciation on open contracts	(2,130,602)	(52,802)
Futures Contracts [Member] | Livestock [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	43,105
Total unrealized depreciation on open contracts	(23,290)
Futures Contracts [Member] | Metals [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	289,030	581,429
Total unrealized depreciation on open contracts	(72,535)	(2,787)
Futures Contracts [Member] | Softs [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	857,638	76,409
Total unrealized depreciation on open contracts	(40,287)	(1,800)
Forward Contracts [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	7,596,808	1,473,522
Total unrealized depreciation on open contracts	(6,091,365)	(864,974)
Net unrealized appreciation (depreciation) on open contracts	1,505,443	608,548
Forward Contracts [Member] | Currencies [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	6,268,245	546,367
Total unrealized depreciation on open contracts	(4,558,051)	(763,174)
Forward Contracts [Member] | Metals [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	1,328,563	927,155
Total unrealized depreciation on open contracts	$ (1,533,314)	$ (101,800)

Trading Activities - Trading Ga

Trading Activities - Trading Gains and Losses, by Market Sector, on Derivative Instruments (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Derivative [Line Items]
Gain (loss) from trading	$ (468,975)	$ 3,506,566	$ 9,218,269	$ (7,395,325)
Currencies [Member]
Derivative [Line Items]
Gain (loss) from trading	1,103,900	(243,656)	949,830	(4,501,706)
Energy [Member]
Derivative [Line Items]
Gain (loss) from trading	3,237,629	532,983	9,307,857	790,191
Grains [Member]
Derivative [Line Items]
Gain (loss) from trading	(1,028,867)	(933,343)	2,675,945	8,710
Indices [Member]
Derivative [Line Items]
Gain (loss) from trading	(1,881,744)	2,361,397	4,484,499	(21,431,622)
Interest Rate Non US [Member]
Derivative [Line Items]
Gain (loss) from trading	(1,623,955)	47,622	(5,462,480)	3,021,356
Interest Rate US [Member]
Derivative [Line Items]
Gain (loss) from trading	(1,311,229)	(68,761)	(4,956,501)	10,912,753
Livestock [Member]
Derivative [Line Items]
Gain (loss) from trading	(196,021)	0	(310,754)	0
Metals [Member]
Derivative [Line Items]
Gain (loss) from trading	142,203	2,211,286	993,670	4,855,362
Softs [Member]
Derivative [Line Items]
Gain (loss) from trading	$ 1,089,109	$ (400,962)	$ 1,536,203	$ (1,050,369)

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - Fair Value Measured on a Recurring Basis [Member] - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	$ 12,618,525	$ 5,596,332
Liabilities	11,556,336	1,214,605
Forward Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	7,596,808	1,473,522
Liabilities	6,091,365	864,974
Futures Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	5,021,717	4,122,810
Liabilities	5,464,971	349,631
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	5,021,717	4,122,810
Liabilities	5,464,971	349,631
Level 1 [Member] | Forward Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0
Liabilities	0
Level 1 [Member] | Futures Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	5,021,717	4,122,810
Liabilities	5,464,971	349,631
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	7,596,808	1,473,522
Liabilities	6,091,365	864,974
Level 2 [Member] | Forward Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	7,596,808	1,473,522
Liabilities	6,091,365	$ 864,974
Level 2 [Member] | Futures Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0
Liabilities	0
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0
Liabilities	0
Level 3 [Member] | Forward Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0
Liabilities	0
Level 3 [Member] | Futures Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0
Liabilities	$ 0

Investment in the Trading Com_3

Investment in the Trading Company - Additional Information (Detail) - CMF Winton Master LP [Member]	9 Months Ended
	Sep. 30, 2021
Investment In The Trading Company
Partnership assets trading multiple	1.5
Equity Method Investment, Ownership Percentage	100.00%
Limited Partner [Member]
Investment In The Trading Company
Notice period for withdrawal of capital contribution	3 days

Investment In The Trading Com_4

Investment In The Trading Company - Summary of Total Assets, Liabilities And Partners' Capital Of The Trading Company (Detail) - USD ($)	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019
Investment In The Trading Company [Line Items]
Total Assets	$ 147,854,112		$ 64,584,761
Total Liabilities	2,010,549		3,135,203
Total Capital	145,843,563	$ 149,998,869	$ 61,449,558	$ 63,367,126	$ 64,454,142	$ 84,106,832
CMF Winton Master LP [Member]
Investment In The Trading Company [Line Items]
Total Assets	44,706,849
Total Liabilities	158,135
Total Capital	$ 44,548,714

Investment In The Trading Com_5

Investment In The Trading Company - Summary of Net Investment Income (Loss), Total Trading Results And Net Income (Loss) Of The Trading Company (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Investment In The Trading Company [Line Items]
Trading Gain (Loss)	$ 733,689		$ 8,007,381
Net income (loss)	(339,466)	$ 2,836,231	10,882,014	$ (9,823,413)
CMF Winton Master LP [Member]
Investment In The Trading Company [Line Items]
Net Investment Income (Loss)	(32,109)		(121,088)
Trading Gain (Loss)	1,679,749		6,783,774
Net income (loss)	$ 1,647,640		$ 6,662,686

Investment In The Trading Com_6

Investment In The Trading Company - Partnership's Investment In And The Partnership's Pro-Rata Share Of The Results Of Operations Of The Trading Company (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Investment In The Trading Company [Line Items]
Alternative Investment	$ 44,549,745		$ 44,549,745
Operating Income (Loss)	(1,563,328)	$ (681,484)	(5,152,427)	$ (2,624,743)
Professional Fees	144,746		423,854
Net income (loss)	(339,466)	$ 2,836,231	10,882,014	$ (9,823,413)
CMF Winton Master LP [Member]
Investment In The Trading Company [Line Items]
Alternative Investment	44,549,745		44,549,745
Operating Income (Loss)	1,682,965		6,792,671
Clearing Fees	28,132		102,395
Professional Fees	7,193		27,590
Net income (loss)	$ 1,647,640		$ 6,662,686
CMF Winton Master LP [Member] | Investment In The Trading Company [Member]
Investment In The Trading Company [Line Items]
% of Partners' Capital	30.55%		30.55%